The organizers of an Istanbul film festival announced on Thursday that the event was being canceled in protest against a ban by local authorities on the screening of the film “Queer,” starring Daniel Craig. The arthouse film streaming platform Mubi stated that the entire four-day festival was being canceled just hours before it was scheduled … Read more
Apple’s revenue increased by 6% in the fourth fiscal quarter, driven by a rebound in iPhone sales and growth across all business units except for wearables. Total sales for the quarter ended September 28 reached $94.9 billion, slightly exceeding Wall Street expectations of $94.6 billion. iPhone sales grew by 5.4% to $46.2 billion, marking a … Read more
PBF Energy reported a larger-than-expected loss in the third quarter, attributing it to weak fuel demand and shrinking refining margins. This trend is being seen globally, with refiners facing challenges due to soft consumer and industrial demand, particularly in China. Despite the difficult market conditions, larger competitors like Phillips 66 and Valero Energy also experienced … Read more
Bread Bin Bakery, located on New Street near the town centre, recently announced its immediate closure. Founder Lisa Bindahnee revealed on social media that the bakery’s staff arrived one morning to find the locks changed, preventing them from entering the premises. She explained that the building had been sold to Artemis Europe Limited, leading to … Read more
Caring for children during their first few years is a complex and critical job: A child’s brain develops more in the first five years than at any other point in life. Yet in America, individuals engaged in this crucial role are paid less than animal caretakers and dressing room attendants. That’s a major finding of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK borrowing costs rose on Wednesday, reversing an initially positive reaction to the Labour government’s Budget, as investors were surprised by the level of additional borrowing needed to fund Rachel Reeves’ plans. The 10-year gilt … Read more
By Savyata Mishra (Reuters) – Kraft Heinz (NASDAQ:) adjusted its annual forecasts for organic sales and profit on Wednesday due to repeated price hikes impacting demand for the company’s branded products such as Lunchables meal kits and Oscar Mayer cold cuts. Shares of the company fell more than 3% before the market opened, as it … Read more
Volkswagen is emphasizing the urgent necessity to implement significant plant closures and job reductions after reporting a 64 percent decrease in quarterly net profit due to poor sales in China and restructuring costs. The company disclosed plans to shut down three plants and lay off tens of thousands of employees, marking its most drastic restructuring … Read more
Investing.com — Caterpillar Inc. reported third-quarter earnings and revenue that fell short of analyst expectations, sending shares down 5.3% in early trading on Wednesday. The heavy machinery manufacturer posted adjusted earnings per share of $5.17, missing the consensus estimate of $5.35. Revenue for the quarter came in at $16.1 billion, below the $16.37 billion analysts … Read more
Nadim Gemayel has organized a neighborhood watch in Lebanon to address concerns about crime and the influx of displaced people. The predominantly Christian neighborhood of Beirut’s Achrafieh is quiet at night, despite the sounds of war in the distance. Volunteers in uniform patrol the streets with walkie-talkies to coordinate their efforts. The neighborhood watch was … Read more